These instruments may be illiquid, difficult to value and leveraged so that small changes may produce disproportionate losses to the Fund. Loss may result from the Fund’s investments in derivatives. To the extent that the Fund’s investments are concentrated in or significantly exposed to a particular sector, the Fund will be susceptible to loss due to adverse occurrences affecting that sector. Investments in equity securities are subject to overall market risks. Additionally, the TRVCI’s return may not match or achieve a high degree of correlation with the return of the U.S. There is a risk that the Fund's return may not match or achieve a higher degree of correlation with the return of the TRVCI. venture capital-backed companies as measured by the Thomson Reuters Venture Capital Index (TRVCI). The Fund seeks to generate returns that mimic the aggregate returns of U.S. The Fund does not invest in venture capital funds nor does it invest directly in companies funded by venture capital funds. Venture capital investments involve a greater degree of risk as a result, the Fund’s returns may experience greater volatility than the overall market. ETFs, ETNs and mutual funds are subject to issuer, fixed income and risks specific to the Fund. The Fund may invest in ETFs, ETNs and mutual funds, which are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. There is no assurance that the Fund will achieve its investment objective.
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